Sex.com sale halted by bankruptcy

Creditor gets hot and bothered

The sale of what is claimed to be the most valuable domain on the Internet, sex.com, has been halted after a creditor forced the company owning it into bankruptcy.

Three companies, apparently under the control of one individual, filed a simultaneous bankruptcy petition against current owners, Escom LLC, citing total debts of just under $10.1 million (£6.6 million). Under Chapter 11 law, a judge will now have to decide the fate of the Escom's assets, including the sex.com domain.

The domain had been due to be auctioned in New York today, 18 March, with bidders required to prove they had at least $1 million to enter the fray.

Michael Mann, chairman of the three companies that filed the petition, was reported by a third-party source, Domain Name Wire, to have been planning the action all along.

"I am merely an investor who got completely railroaded by other investors with big guns, bad practices, and bad attitudes," Mann was quoted as saying to the title.

There is something about sex.com that refuses to lie down. As former Techworld writer Kieren McCarthy detailed in his definitive 2007 book on the subject, Sex.com, the domain's early Internet career was engulfed by a dispute between rightful owner, Gary Kremen, and would-be nemesis, Stephen Cohen, accused of stealing it from him in extraordinary circumstances.

Returned to Kremen after a lengthy legal battle, Escom LLC paid him $14 million for it in 2006, the second most money ever paid for an Internet domain. The domain will be sold on at some stage, but probably not for months at least.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags domain names

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John E. Dunn

Techworld
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?